News Article financing ING Bank Śląski logistics MLP Group Poland Poznań warehouse
by Property Forum | Investment

MLP Group has entered into a transaction with ING Bank Śląski S.A. whereby the bank has agreed to provide funding totalling €26.8 million, to be used to finance new investment projects in the MLP Poznań and MLP Poznań II logistics parks and to refinance existing liabilities under bank loans.

In the successfully closed transaction with ING Bank Śląski S.A. the bank has agreed to lend more than €26.8 million to MLP Group in accordance with the transaction terms. The purpose of the loan is to refinance existing projects spanning an area of 58,200 sqm, and finance the construction of another 21,700 sqm of warehouse facilities within the MLP Poznań and MLP Poznań II logistics parks. This means the loan proceeds will be used to fund new and existing projects with a total area of approximately 80,000 sqm.

“We are very pleased to have completed this transaction with a leading financial institution. The decision to provide support to our Group is underpinned by the bank’s positive assessment of our business model and investment projects. The funding will secure full financial stability to us and will contribute to the dynamic growth of our operations”, said Monika Dobosz, CFO/Board Member w MLP Group S.A.

MLP Poznań is located in Koninko, near the S11 expressway connecting Poznań and Katowice. The park is situated approximately 16 km from the centre of Poznań and 4 km from the A2 motorway. Ultimately, it will provide almost 90,000 sqm of warehouse and production space to be built on an area of 20 ha.